.
MergerLinks Header Logo

New Deal


Announced

Glanbia to acquire SlimFast from Kainos Capital for $350m.

Financials

Edit Data
Transaction Value£272m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Single Bidder

Private

United States

Pending

Majority

packaged food

Friendly

Acquisition

Food Products

Private Equity

Synopsis

Edit

Glanbia, an international dairy, consumer foods, and nutritional products company, to acquire SlimFast, manufacturer of prepared foods and miscellaneous food specialties, from Kainos Capital, a middle-market private equity firm with an exclusive focus on the food and consumer sector, for $350m. “Our acquisition of SlimFast came with no employees or systems. Behind the leadership of CEO Chris Tisi, who we partnered with when we invested in his company HNS in 2014, we quickly built a 60- plus person team in the US and the UK. This team, combined with our own internal resources, did a great job revitalizing what was an orphan brand within a large multinational company. SlimFast is positioned to continue its great success as a part of Glanbia.” Andrew Rosen, Kainos Managing Partner.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US